The Global Market for Flow Cytometry is Projected to Reach US$5.1 Billion by 2020

Expanding Application Areas to Drive the Global Flow Cytometry Market, According to a New Report Update by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report update on Flow Cytometry. The global market for Flow Cytometry is projected to reach US$5.1 billion by 2020, driven by expanding applications in hematology, oncology, and marine biology, among others.

Flow cytometry is an analytical laboratory technique that measures multiple parameters related to individual particles or cells through the use of flow cytometers.  Ranked among the most preferred tools in single cell analysis, flow cytometry performs multiple measurements on a single cell within a heterogeneous mixture, providing information about shape, size, DNA content, cell count, fluorescence-activated cell sorting, surface receptors, as well as membrane permeability. The technology finds significant use in clinical as well as research settings for the analysis of both fixed and live samples of cells, such as in government research, medical schools, academia, clinical and hospital testing, independent testing and CROs.

Future growth in the market will be driven by increasing research activity in various fields of life sciences, such as genomics, proteomics, pharmacogenomics and stem cell research. Small-sized, robust and high throughput flow cytometers designed for use in a number of clinical and research applications are witnessing significant demand worldwide. Flow cytometers are increasingly becoming compact and smaller yet more powerful to address the broad range of high-end needs of end users. Improvements in fluorescent dyes and advent of technically advanced bench-top flow cytometers that offer the same performance and quality of high-end instruments represent other key growth drivers in the market. Technological advancements such as the introduction of multicolor flow cytometers with multiple lasers are also fueling growth in the market. Factors such as increasing affordability, ease of use and growth in reagent manufacturing have made flow cytometry instruments more accessible worldwide leading to increased market adoption. Additionally, introduction of new reagents targeted at specific applications are driving growth in the flow cytometry reagents market.

As stated by the new market research report on Flow Cytometry, the United States represents the largest regional market worldwide. Asia-Pacific represents the fastest growing market with a CAGR of about 13.4% over the analysis period. Steadily growing economies, presence of large patient population, favorable government policies, untapped market potential, and increasing investments in life sciences research represent key growth drivers in the region. Cell-based flow cytometry that measures the affinity of test compounds against a specific molecular target in a living cell represents the largest flow cytometry technology segment worldwide.

Key players covered in the report include Becton, Dickinson and Company, Danaher/Beckman Coulter, Advanced Analytical Technologies, Inc., Bangs Laboratories, Inc., Cytek Development, Inc., eBioscience, Inc., EMD Millipore, Life Technologies Corporation, Luminex Corp., Sysmex Partec GmbH, and PointCare Technologies, Inc., among others.

The research report titled “Flow Cytometry: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market, current trends, growth drivers, new product introductions, recent industry activity of major companies. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific and Rest of World. Technology segments analyzed in the report include Cell-based and Bead-based Flow Cytometry. Key product segments analyzed for the global market include Instruments, Reagents & Consumables, and Others. End-use application sectors analyzed for the global market include Academic, Healthcare, Research, and Others.

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